Tag: Social INsecurity.

Did you vote for Nixon in China?

I’m just not sure what I can add to this-

Next Big Issue? Social Security Pops Up Again

By JACKIE CALMES, The New York Times

Published: March 22, 2010, A1

By 2016, Social Security will begin paying more in benefits than it collects in payroll taxes, according to the annual report of government trustees; reserves in the form of government i.o.u.’s will be exhausted by 2037, after which incoming taxes will cover three-quarters of benefits.

Before his inauguration, Mr. Obama said of Social Security, “We have to signal seriousness in this by making sure some of the hard decisions are made under my watch, not someone else’s.”

Similarly, some Democrats argue that their party should act now, while it controls the White House and Congress, rather than take the chance that Republicans will regain power and try to carve private retirement accounts from Social Security, as former President George W. Bush did unsuccessfully.

Umm… what’s the difference again?

Make sure you speak slowly and loudly like I’m “fucking retarded” and deaf, or even worse- French.